The company on Friday officially confirmed that the battery powered Mercedes car will be ready by 2022 instead of 2025 as Daimler is investing 10 billion Euros (about $10.8 billion) to make it happen.

Bloomberg reports that a new technology will be used on the battery powered car.

The report further quoted Dailmer representative as saying that the company has made fundamental changes to remain successful.

He said; “Many of the new models will be part of a recently created sub-brand named EQ, an acronym that stands for electric intelligence.

“The first one will take the form of a Mercedes-Benz GLC-sized crossover whose design will echo the Generation EQ concept shown last year at the Paris Auto Show.”

The head of validation and testing at Mercedes-Benz Cars R&D Jochen Haab also revealed that Dailmer’s currently self-driving systems sit between level 2 and level 3 and that the company is still a long time away from level 5.

“To have that level of automation where you sit into the car at point X and tell it to go to point Y and maybe even pre-program it, and then you get in the car and – lets imagine it as a driverless taxi – and tell the car to take me to Melbourne airport, do your emails and then the car says ok get ready to get out… to do that in that level of high automation, I think it’s at least a decade away,” Haab told Car Advice.

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